Espresso index or how much does espresso cost in the Czech Republic and Europe?
What is the espresso index?
Theidea of the espresso index originated from the so-called Big Mac index, which simply states that the same things should cost the same. In fact, the Big Mac is a great indicator of purchasing power parity. Every Big Mac, whether you have one in the Czech Republic, Germany, Sweden or Japan, should be the same in content.
This means that it should also cost the same amount of money in a given currency. But that is not the reality. And so we can see how much one currency is undervalued or overvalued relative to another.
I have prepared such a comparison with espresso. You may want to argue that there is no such thing as espresso, but I have made my rules clear in my selection.
For the Czech Republic:
- 4 cafes from each region - 3 with a selection, 1 other
- cafes from larger and smaller towns
For Europe:
- Capital cities only
- 3 cafés with a selection of coffee from each country
Of course, the price of coffee also depends on the country of origin, variety or processing method. However, these rules should make the calculations as objective as possible.
Price of espresso in Czech cafes
So how does the price of espresso vary across the country? According to my research, the cheapest espresso is in Vysočina, Central Bohemia or Pardubice, but it should be noted that the differences in average are in the order of crowns.
However, I cannot completely refute the fact that in Prague you will pay a bit more for an espresso compared to the Czech average. The price of 50 CZK for an espresso is pretty standard here.
There is one more number I missed in the table, and that is the total average price. According to my calculations, it should be 45 CZK.
Another thing we must not forget is that the price does not necessarily tell us about the quality of the espresso. This can be seen perfectly well if you look at the prices of espressos from non-choice cafes. The price of these espressos is many times even higher than the price of a quality espresso from a selective coffee shop.
Average espresso price in major European cities
The differences in the regions of the country are not that significant, so I looked beyond the borders, specifically in 24 major European cities. Amap of European coffee shops from European Coffee Triphelped me with my selection .